Sentences with phrase «many risky borrowers»

The central bank acknowledged that governments had so far failed to slow the ascent of housing prices, but that various measures had successfully reduced the number of risky borrowers entering the market.

But it was never designed for the riskier borrower.»

Looking at that gulf in the Baby Boomer generation can illuminate the impact of an economy that increasingly isolates riskier borrowers, marginalizes their needs, and inadvertently makes it more difficult for them to make modest financial progress.

By limiting the number of riskier borrowers, Morneau has given the Bank of Canada breathing room.

It basically tells lenders how risky a borrower you are.

A lien is one piece of data that separates a strong borrower from a riskier borrower, so lenders want to have this information before they approve a loan.

While the company has attracted some criticism from people who fear that it's enabling risky borrowers, the company has achieved both a rapid rate of growth and a strong reputation for maintaining customer satisfaction.

If you have a low credit score, that could indicate you're a risky borrower.

All the same, it would be odd to criticise the banks for trying to steer clear of risky borrowers.

As banks retreat from lending to more risky borrowers, nonbanks have stepped in and now make up the bulk of all mortgage issuance.

They set minimum standards to exclude the riskiest borrowers.

But if you want the best interest rate, you'll need to show your lender that you aren't a risky borrower.

It makes you a riskier borrower, sure, but not all lenders will deny you because of this.

The risky borrowers can't refinance.

It may help you secure a better interest rate because you look like a less - risky borrower versus someone who puts down a smaller amount of cash.

In short, if you have what is considered bad credit (like a FICO Score of 580 or lower), then you indicate to lenders that you might be a risky borrower based on previous statistics of consumers with similar scores.

During the boom in subprime mortgages, US lenders thought they could manage their exposure to these risky borrowers by ensuring they would not remain customers for long.

It basically tells lenders how risky a borrower you are.

Approved loan applicants are assigned a credit rating, which determines the interest rate charged on any loan they receive, and provides clues to investors about how risky a borrower that person is.

Lenders charge more to risky borrowers to offset default risks.

If banks are less able to differentiate a risky borrower from a non-risky borrower, «lenders and servicers have to hedge for that risk,» said Nick Larson, a business development manager for the financial services unit of LexisNexis Risk Solutions.

Consumers carrying a large balance relative to the limit are riskier borrowers.

The FHA has said its «blueprint» for evaluating underwriting defects should reduce lenders» fears of having to indemnify the agency for losses on loans to riskier borrowers.

You are a riskier borrower because your principal and interest outflows already consume such a large percentage of what you earn.

Lenders will view you as a risky borrower who is likely to pay late or miss payments altogether.

They set minimum standards to exclude the riskiest borrowers.

Ontime payments are the main indicator of your creditworthiness, while late or missed payments show you as a risky borrower.

Riskier borrowers often have higher interest rates.

Lenders don't want to give risky borrowers good offers if they believe the borrower will end up defaulting on their debt at a later date.

I have a hard time imagining many lenders will want to place a second behind one of these loans, for a risky borrower.

The less riskier borrower you are, the better conditions you get.

Depending on your financial situation, a higher property value can eliminate the need for expensive mortgage insurance while qualifying you as a less risky borrower.

When your credit score is below average, banks see you as a risky borrower, and that results in few decent credit card offers available to you.

HUD's real goal with FHASecure is to have as many people as possible paying risk - based premiums — this raises additional dollars for HUD and the Treasury Department and gets rid of risky borrowers who can not afford steep premium costs.

In turn, investors get to pick and choose whether they want to invest with a risky borrower and earn a higher rate of return, or invest with a safer borrower with a lower rate.

Much like its main competitor, LendingClub, Prosper uses a proprietary formula to gauge how risky a borrower is and assign an interest rate based on that assessment.

If you are considered a «risky borrower,» you may not be approved or you may receive a higher interest rate.

Fixed APR ranges from a low of 9.95 % for the most well - qualified borrowers up to a high of 35.99 % for riskier borrowers.

Demonstrates to lenders that the individual is a risky borrower.

In addition, Prosper lends to more risky borrowers — the minimum credit score with Prosper is a 640, compared to a 660 with LendingClub.

This means it must vary from a credit worthy borrower to a risky borrower.

Yes, everyone is a risky borrower, but the quantum of risk that a bank or homeloan provider sees / underwrites can be different from one set of borrowers to the other set.

This, in turn, means the lenders are often willing to take on riskier borrowers, aka, those with lower credit scores or rocky credit histories.

While the company has attracted some criticism from people who fear that it's enabling risky borrowers, the company has achieved both a rapid rate of growth and a strong reputation for maintaining customer satisfaction.

Legitimate companies often shy away from lending to risky borrowers.

A risky borrower may enter a swap with bank A, which then takes an offsetting swap position with bank B (earning a bit of the credit spread as its compensation), and so on, with a cheerful money market investor at the end of the chain holding a safe, government backed security, oblivious to the chain of counterparty risk in between.

Your credit score is a number between 300 - 850 that lenders use to determine if you are a risky borrower or not.

You are a risky borrower in their eyes.

For the riskiest borrowers, even LendUp offers rates that can reach 300 % on an annualized basis — but LendUp gives these borrowers a way to reduce the rates to as low as 29 %, and improve themselves at the same time, by taking online classes, repaying loans in a timely manner, and referring others.

However, if HUD is going to apply a new and costly insurance charge to borrowers within the FHASecure plan, then from the Department's perspective it makes sense to define as many borrowers as possible as being within the FHASecure effort because more dollars will go to HUD and the most - risky borrowers — borrowers who would previously have qualified for an FHA refinance — will be denied funding.